MIM Depegs To $0.87, Down 11% On Thin Arbitrum Liquidity
Abracadabra’s MIM stablecoin fell to $0.87 on thin Arbitrum liquidity. Here is the exit price, the depeg pattern, and the Curve gauge vote to watch.
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$1.3B HTX Reserves Moved To Undisclosed Custodian
HTX moved $1.3 billion of bitcoin, ether, USDC and USDT reserves to undisclosed third-party custodians. What it means for self-custody and DeFi.
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$25B Threshold: New York Rule Bans Stablecoin Yield
New York’s NYDFS proposed a stablecoin rule banning issuer interest and rehypothecation. What the $25B threshold means for your USDC and Aave yield.
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MiCA Architect Backs $33.85B RWA Market Over DeFi Rules
A MiCA architect told the EU to prioritize the $33.85B tokenized market over new DeFi rules. Here is what it signals for permissionless wallets.
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apxUSD Hits $0.93, Apyx Says Depeg Is A Feature
Apyx’s apxUSD slipped to $0.93 as Bitcoin fell and STRC dipped below par. The protocol calls the depeg a feature. Here is the equity risk behind the yield.
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Coinbase Backs ProShares GENIUS ETF For Stablecoin Reserves
Coinbase took a stake in the ProShares GENIUS ETF (IQMM), the fund holding short-term Treasuries that back stablecoins like USDC. Here is the DeFi angle.
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CLARITY Act Keeps Idle Stablecoin Yield Ban, Draft Delayed
The CLARITY Act draft keeps its ban on rewards for idle stablecoin balances while allowing transactional yield. Here is what it means for DeFi wallets.
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107K Hold ZBCN, But RLUSD Runs Zebec’s Payroll Rails
ZBCN counts about 107K holders, but RLUSD powers Zebec’s real-time payroll rails. Using the rails and holding the token are two very different bets.
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FDIC’s GENIUS Act Rule Bars Direct Yield Claims, Opens 60-Day Comment
The FDIC voted Tuesday to propose a 191-page stablecoin issuer rule under the GENIUS Act, restricting direct yield claims and opening 60 days for 144 questions.
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90% Odds On CLARITY Act After Third White House Yield Meeting
Ripple’s Garlinghouse pegged CLARITY Act passage odds at 90% after a third White House meeting on stablecoin yield. Polymarket sits at 72%, sources at 25-60%.
